Continuing Iron Age's Century-Long Tradition

Regional Market Reports

Why did prices go up in one city and not in another? Did local steel production increase? What are scrap prices going to do next month? The answers are in these reports.   

 

Chicago market sideways in February

By Bill Beck - February 14, 2018

“It was a pretty easy month” is the way one Chicago broker summed up the ferrous scrap market locally in February.

Hamilton dips in February on stronger currency

By Bill Beck - February 14, 2018

One of the few markets in North America to buck February’s sideways trend was in Hamilton, Ontario, where prices dropped $8 Cdn across the board from January. But that drop reflected changes in the currency exchange rates more than underlying weakness in the scrap market. 

Pacific Northwest markets drop in February

By Bill Beck - February 14, 2018

In generally quiet trading, ferrous scrap markets in the Pacific Northwest quickly wrapped up business in early February. Exports were off $10 to $15 in the wake of a lull in overseas buying, while domestic mills in Oregon and Washington were sideways to off $10 for particular grades.

Export markets off in Southern California

By Bill Beck - February 14, 2018

Southern California export markets gave back $10 to $15 of the $45 per ton average that they increased in December and January, after overseas demand slowed appreciably during the month.

Detroit in and out at sideways in February

By Bill Beck - February 14, 2018

For the third straight month, Detroit set the ferrous scrap market for a good chunk of the United States, coming out on February 1 with an offer to purchase scrap for the same price it had paid in January. The sideways movement was essentially wrapped up before the close of business on Friday, and the shortest month of the year marked probably the shortest trading period of the year.

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